Mandalay Retained Earnings vs Other Current Assets Analysis
MND Stock | CAD 4.39 0.05 1.15% |
Mandalay Resources financial indicator trend analysis is infinitely more than just investigating Mandalay Resources Corp recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Mandalay Resources Corp is a good investment. Please check the relationship between Mandalay Resources Retained Earnings and its Other Current Assets accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mandalay Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Retained Earnings vs Other Current Assets
Retained Earnings vs Other Current Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Mandalay Resources Corp Retained Earnings account and Other Current Assets. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Mandalay Resources' Retained Earnings and Other Current Assets is -0.13. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Other Current Assets in the same time period over historical financial statements of Mandalay Resources Corp, assuming nothing else is changed. The correlation between historical values of Mandalay Resources' Retained Earnings and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Mandalay Resources Corp are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Retained Earnings i.e., Mandalay Resources' Retained Earnings and Other Current Assets go up and down completely randomly.
Correlation Coefficient | -0.13 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Other Current Assets
Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.Most indicators from Mandalay Resources' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Mandalay Resources Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mandalay Resources Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. As of the 12th of December 2024, Tax Provision is likely to grow to about 8.1 M, while Selling General Administrative is likely to drop about 5.6 M.
Mandalay Resources fundamental ratios Correlations
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Mandalay Resources Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Mandalay Resources fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 258.6M | 301.3M | 317.8M | 282.2M | 295.2M | 164.6M | |
Other Current Liab | 23.0M | 28.4M | 30.1M | 22.8M | 20.4M | 11.0M | |
Total Current Liabilities | 104.0M | 74.3M | 78.4M | 37.2M | 31.9M | 37.2M | |
Total Stockholder Equity | 111.8M | 135.8M | 176.7M | 184.2M | 196.9M | 206.8M | |
Property Plant And Equipment Net | 176.4M | 197.6M | 193.7M | 183.9M | 195.2M | 103.0M | |
Net Debt | 44.3M | 29.7M | 19.0M | (14.4M) | (3.9M) | (3.7M) | |
Retained Earnings | (82.1M) | (71.7M) | (16.8M) | 6.7M | 14.7M | 15.4M | |
Accounts Payable | 13.7M | 14.6M | 10.4M | 7.8M | 7.9M | 6.9M | |
Cash | 24.5M | 34.2M | 30.7M | 38.4M | 26.9M | 20.6M | |
Non Current Assets Total | 197.0M | 215.7M | 203.5M | 197.9M | 215.4M | 114.8M | |
Non Currrent Assets Other | 20.0M | 18.1M | 9.8M | 14.0M | 20.2M | 13.5M | |
Other Assets | 20.6M | 18.1M | 9.8M | 13.7M | 15.7M | 13.5M | |
Cash And Short Term Investments | 24.5M | 34.2M | 34.1M | 41.1M | 28.8M | 21.0M | |
Net Receivables | 11.9M | 17.3M | 43.0M | 13.2M | 26.2M | 13.4M | |
Common Stock Total Equity | 191.9M | 192.1M | 229.8M | 230.0M | 264.5M | 147.7M | |
Common Stock Shares Outstanding | 80.1M | 92.5M | 93.3M | 94.1M | 95.0M | 99.7M | |
Liabilities And Stockholders Equity | 258.6M | 301.3M | 317.8M | 282.2M | 295.2M | 164.6M | |
Other Current Assets | 13.0M | 9.8M | 13.8M | 3.2M | 2.1M | 2.0M | |
Other Stockholder Equity | 10.4M | 4.2M | 3.3M | 4.6M | 5.3M | 8.8M | |
Total Liab | 146.8M | 165.5M | 141.2M | 98.1M | 98.3M | 67.5M | |
Property Plant And Equipment Gross | 176.4M | 197.6M | 416.1M | 411.6M | 460.6M | 483.7M | |
Total Current Assets | 61.6M | 85.6M | 114.3M | 84.3M | 79.8M | 49.8M | |
Common Stock | 229.8M | 230.0M | 230.4M | 231.2M | 231.5M | 169.0M | |
Inventory | 12.3M | 24.3M | 23.4M | 26.7M | 22.7M | 16.2M | |
Accumulated Other Comprehensive Income | (40.1M) | (25.8M) | (40.9M) | (58.4M) | (54.5M) | (51.7M) | |
Short Long Term Debt Total | 68.8M | 63.9M | 49.8M | 24.0M | 23.0M | 38.8M | |
Current Deferred Revenue | 21.5M | 33.3M | 41.8M | 21.5M | 24.8M | 16.9M | |
Short Term Debt | 64.8M | 18.0M | 18.2M | 1.4M | 1.2M | 1.2M | |
Non Current Liabilities Total | 42.8M | 91.2M | 62.8M | 60.8M | 66.4M | 50.5M | |
Other Liab | 38.9M | 45.3M | 31.1M | 38.6M | 34.7M | 34.6M | |
Net Tangible Assets | 111.8M | 135.8M | 176.7M | 184.2M | 165.7M | 132.2M | |
Property Plant Equipment | 176.4M | 197.6M | 193.7M | 183.9M | 211.5M | 203.0M | |
Long Term Debt | 418K | 42.4M | 28.0M | 19.8M | 20.4M | 14.7M | |
Long Term Debt Total | 4.0M | 46.0M | 31.6M | 22.3M | 25.6M | 19.7M | |
Net Invested Capital | 175.0M | 178.2M | 204.7M | 203.9M | 217.3M | 211.8M | |
Net Working Capital | (42.4M) | 11.3M | 35.9M | 47.1M | 47.9M | 50.3M | |
Capital Stock | 229.8M | 230.0M | 230.4M | 231.2M | 231.5M | 246.6M |
Pair Trading with Mandalay Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mandalay Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mandalay Resources will appreciate offsetting losses from the drop in the long position's value.Moving against Mandalay Stock
0.65 | INFM | Infinico Metals Corp | PairCorr |
0.56 | FDY | Faraday Copper Corp | PairCorr |
0.4 | ORE | Orezone Gold Corp | PairCorr |
The ability to find closely correlated positions to Mandalay Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mandalay Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mandalay Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mandalay Resources Corp to buy it.
The correlation of Mandalay Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mandalay Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mandalay Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mandalay Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Mandalay Stock
Balance Sheet is a snapshot of the financial position of Mandalay Resources Corp at a specified time, usually calculated after every quarter, six months, or one year. Mandalay Resources Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Mandalay Resources and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Mandalay currently owns. An asset can also be divided into two categories, current and non-current.